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Jan 28, 2013
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people right now are constructive on the euro and stabilization of euro and constructive on possible growth. the name of the event was dynamic resilience, talks about the world recovering. i think these guys are going to be right, we will probably have a good stock market. this has been a well orchestrated rally, induced by central banks, my honest belief. if you get a buzz out of the federal reserve they say we will pull back a bit, the market will crack. >> any whiff or that, what happened in the month or so in the minutes spooked the market. >> a couple things going on. good fundamentals, accomodative fed. in the wave of a secular bull market. the good news is out-weighing the bad news right now and any slight bad news will trip up the market in the short term. it needs to be cautious here. >> let's bring up david beanco, chief equity strategist. welcome back to halftime. >> hello. good to see you. >> 1600 was the target used. anthony talked about resilient and talked about it in davos and could explain the stock marketed. >> resilience and since the recovery and recession we've s
people right now are constructive on the euro and stabilization of euro and constructive on possible growth. the name of the event was dynamic resilience, talks about the world recovering. i think these guys are going to be right, we will probably have a good stock market. this has been a well orchestrated rally, induced by central banks, my honest belief. if you get a buzz out of the federal reserve they say we will pull back a bit, the market will crack. >> any whiff or that, what...
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Jan 30, 2013
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dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't handle anything until i know -- it's sandy and washington. washington played a major role. i think the republicans and democrats finally realized they were killing this economy and they've gotten together, and now we're seeing things go up. [ bell ringing ] >> a law firm marking its pro bono project in human trafficking in america. all right. a lot of interesting movements here. we're seeing shares of research in motion higher by about 2.3%. in the past two days, sold off. a little bit of selling prior to the event. >> incredible how clever the market is. now people say, i'
dollar has weakened both the euro and the yen. the euro is above 135. >> how much of what happened is directly related to congressional policies. a lot of people thinking we may not resolve this fiscal cliff until this week. how much was just a fewer -- i can't do a thing until washington resolves this. >> you talked about it endlessly. >> yeah, endlessly. >> we didn't see it in consumer spending. >> big inventory contraction. i think a lot of this was, i can't...
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Jan 28, 2013
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> you hear a lot of bad press about europe but europe has a deficit and i want to be exposed to the euro. mostly because i think that the policies of the federal reserve is identical to those of european central bank and euro has been doing very well. and i think, i smell, everybody is bearish on something. but the story doesn't match the numbers. >> bob pisani, good to see you again. in the 2008 crash, is risk in your opinion still underpriced. and if it is, how do you explain to people to protect themselves? >> unless people have been burned, you can't convince them to get protected. and tail risks have traditionally been cheap depending on which tail. and what people fail to understand is that owning tail protection allows me to take risk elsewhere. it is not like what i spend on the tail is the overall package. it is very favorable when you have equities more attractive than bonds and other things. you need spend premium. the money i get from dividend and hedges and that's why i henl myself and i don't have to worry about anything. deep out of the money puts. >> deep out of the money
> you hear a lot of bad press about europe but europe has a deficit and i want to be exposed to the euro. mostly because i think that the policies of the federal reserve is identical to those of european central bank and euro has been doing very well. and i think, i smell, everybody is bearish on something. but the story doesn't match the numbers. >> bob pisani, good to see you again. in the 2008 crash, is risk in your opinion still underpriced. and if it is, how do you explain to...
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Jan 11, 2013
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let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick. let's check out the latest in energy, metals. sharon epperson, nymex. >> oil prices pulling back, jim, but that's after reaching multi-month highs. we had the brent crude contract reach a three-month high yesterday. wti at a four-month high. a lot of this had to do in terms of the gains we saw yesterday with the report that the saudis have cut their oil production in december significantly. today's news is focusing on the spread between the two, which has come in significantly as right now around $17. of course, the energy department this week saying they believe it will ave
let's go back to the euro, this time let's do the euro versus the dollar. we can see 7 1/2-month high on that trade. it's going to be very fascinating to continue to monitor the relationship between, as ira harris said yesterday, a bit of the exporters on the auto side in europe versus what's going on with the euro/yen to see what kind of impact or retaliation we see on the economic scene for the weakened currency helping the export market in japan. jim, back to you. >> thank you, rick....
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Jan 29, 2013
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>> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 po t points nasdaq 52.2% is in rare territory for certain. yet the chatter it remains
>> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you...
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Jan 25, 2013
01/13
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the euro is rallying against the dollar. it is steady eddie off the european central bank, said banks will pay back about $184 billion in three-year emergency loans. that's more than the analysts expected by the way. so will the euro be the rock star currency of 2013? joining me now is axel merk, chief investment officer of merk investments. before we get the currency, axle, we talked about a major amount of money in the u.s., 100 billion in the first week of this year. it is a bit of a mystery, but you have a theory. >> just tweeted the explanation if you want to look that up. basically one. crisis measures is expiring fdic gave unlimited insurance to any noninterest bearing accounts. that guaranty is gone now. so people are taking their money elsewhere. as simple as that. there is no big mystery behind it. ashley: no big mystery. >> talking about a hundreds of billions here and talking about the euro, as you mentioned, almost $200 billion euros being paid back. that is the equivalent of mopping up liquidity. in the u.s. we
the euro is rallying against the dollar. it is steady eddie off the european central bank, said banks will pay back about $184 billion in three-year emergency loans. that's more than the analysts expected by the way. so will the euro be the rock star currency of 2013? joining me now is axel merk, chief investment officer of merk investments. before we get the currency, axle, we talked about a major amount of money in the u.s., 100 billion in the first week of this year. it is a bit of a...
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Jan 11, 2013
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the euro is at like 133 versus the dollar. if you listen to what he said yet, you've had to believe it will stake there. i think it's going to 136 to 137. then i think he'd surprise us all and cut rates. but the other thing to curl about the euro right now, more critical when you go forward to february and marches this concerns me. suddenly europe doesn't look at that you will bad. so forward-forwarding at six weeks, that would be about the time we get a real surprise. meanwhile, stay on the europeo great to see you. have a great weekend. we'll see you soon. check out "money in motion" this evening at 5:30 p.m. on cnbc. many more currency trades as they keep you up to the latest moves in the market. >>> coming up, what's at stake for two stocks hitting five-year highs. >>> but first wells faro's stock falls after delivers earning. we debate. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> coming up at the top of the hour on "power lu
the euro is at like 133 versus the dollar. if you listen to what he said yet, you've had to believe it will stake there. i think it's going to 136 to 137. then i think he'd surprise us all and cut rates. but the other thing to curl about the euro right now, more critical when you go forward to february and marches this concerns me. suddenly europe doesn't look at that you will bad. so forward-forwarding at six weeks, that would be about the time we get a real surprise. meanwhile, stay on the...
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Jan 18, 2013
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the euro still hanging in there. the local >> @22 minutes past the hour, i have your fox news minute. defense secretary leon panetta met in london to discuss a hostage situation in algeria. he says terrorists will find no sanctuary caught refuge in algeria or anywhere. reporting about 100 of 132 foreign hostages have been freed from the bp gas plant. reuters announced that they are willing to trade two american hostages for -- meanwhile, the conflict in neighboring malley is echoing. the first 900 troops to help the army paddling al qaeda linked rebels. a top nigerian officer says they have been training islamic terrorists in nigeria. troops are also joining the anti-rebel operation. those are your headlines. dennis: thank you. it is time for your media minute. today, didn't lance make the sale? he went on oprah last night. he apologized for doping and lying about it for like 12 or 13 years. >> did you ever take banned substances to enhance your cycling performance? >> yes. >> yes or no, was one of those band substan
the euro still hanging in there. the local >> @22 minutes past the hour, i have your fox news minute. defense secretary leon panetta met in london to discuss a hostage situation in algeria. he says terrorists will find no sanctuary caught refuge in algeria or anywhere. reporting about 100 of 132 foreign hostages have been freed from the bp gas plant. reuters announced that they are willing to trade two american hostages for -- meanwhile, the conflict in neighboring malley is echoing. the...
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Jan 25, 2013
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positive comments, relinch aunc the euro. >> i remember when euro was in the last debt gross. wrong. >> great britain, uk, still eurozone. >> a lot of commotion down here. we look at the live feed from davos, switzerland. >> they're not happy. [ bell ringing ] >> at the nasdaq, starz celebrating its spin-off from liberty media. >> there's speculation about starz. but when i talked to a number of people who run various media companies, it might have been considered as buyers of that. they're saying, not me, check with that guy, and he said, not me, check with that other guy. we'll see if there's a potential acquirer of starz. >> netflix yesterday in the conference call, hastings was saying the great cable channels need us. you can't just jump in. before "breaking bad" you need a stream. >> netflix stepped in where starz has stepped out. >> s&p gainers for the year, netflix number one. >> is that true? >> up almost 59%. number two. best buy, number three dell, if you can believe that. >> name me three stocks that have come back from the dead. >> that would be dell, best buy and
positive comments, relinch aunc the euro. >> i remember when euro was in the last debt gross. wrong. >> great britain, uk, still eurozone. >> a lot of commotion down here. we look at the live feed from davos, switzerland. >> they're not happy. [ bell ringing ] >> at the nasdaq, starz celebrating its spin-off from liberty media. >> there's speculation about starz. but when i talked to a number of people who run various media companies, it might have been...
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Jan 28, 2013
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i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen are sticking around. thank you for this great perspective this morning. >> if you have comments or questions about anything that you see here on squawk, e-mail us squawk@cnbc.com. >>> still ahead, a major blow to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another k
i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen...
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Jan 28, 2013
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if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending, up only .2% for the month of december. that was a little disappointing and maybe one of the more important components of today's durable series. jim, back to you. >> thank you, rick. let's check out the latest news in energy. sharon? >> the fact that hess is exiting the refining business is a huge news for the oil industry, for the energy industry. it's also going to have a big impact for drivers along the east coast. wholesale gasoline prices up about 2% today. a lot of that has to do about this news from hess, as well as the fact, of course, th
if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending,...
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Jan 28, 2013
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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...
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Jan 1, 2013
01/13
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including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] let's get down to business. here is the first one. i don't want you digging in your heels anymore when you're wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. one of the easiest mistakes to make, i've done it countless times, i refuse to change my stripes after the facts are in and i've been proven wrong. it's natural to refuse to change your mind when you think you're right and the market is going against you. it's also a quick and easy way to lose money yet mad mailers and particularly twitter followers @jimcramer refused to believe this principle. you're always angry when you get run over and always willing to take it out on the people who are on the other side, the ones who got it right. the fact that i am open about this whole process and that i actually read the angry e-mails and the tweets and i engage with people sometimes in a cranky way has helped me to learn stories and learn how to invest better. it has been an exercise in pain.
including a collapsing euro or slowly, or skyrocketing oil prices. [ boos ] let's get down to business. here is the first one. i don't want you digging in your heels anymore when you're wrong or in the immortal words of the late great economist, john maynard keynes, when the facts change i change my mind. one of the easiest mistakes to make, i've done it countless times, i refuse to change my stripes after the facts are in and i've been proven wrong. it's natural to refuse to change your mind...
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Jan 1, 2013
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including a collapsing euro or a slowing in china. or even skyrocketing oil prices. let's get down to business. here is the first one. i don't want you digging in your heels any more when you're wrong. in the immortal world john maynard cane, when the facts change, i change my mind. one of the easiest mistakes to make, and i know this because i've done it countless times, i refuse to change my stripes after the fact are in and i've been proven wrong. it's a quick and easy way to lose money. yet mad mailers and particularly twitter followers @jimcramer refuse to believe this principal. i have been blasted into reality over and over and over again. whenever i dug in my heels. you are always angry when you get run over. and you're always willing to take it out on the people who are on the other side. the ones who got it right. the fact that i am open about this whole process and that i actually read the e-mails, and i engage with people sometimes in a cranky way has helped me to invest stories and invest better. but it has also been an exercise in pain. >> the house of
including a collapsing euro or a slowing in china. or even skyrocketing oil prices. let's get down to business. here is the first one. i don't want you digging in your heels any more when you're wrong. in the immortal world john maynard cane, when the facts change, i change my mind. one of the easiest mistakes to make, and i know this because i've done it countless times, i refuse to change my stripes after the fact are in and i've been proven wrong. it's a quick and easy way to lose money. yet...
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Jan 21, 2013
01/13
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david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a cheap dollar, you are going to have a stronger euro, that's the easy part. the other part is chinese capital is dying to come into europe because china wants to get out of dollars. they are buying gold. we know that. they also want to invest in europe. they want to see the europeans get their act together. europeans do have their act together now that the chinese capital is ready to come in. another support for the euro. >> are you saying that europe is doing everything right? >> europe is the only group that is doing everything right. merkel is the only one who understands economics because she is not an
david: what about the euro, a lot of people year ago were saying the euro is ready for a big devaluation, it seems to be holding its own? >> i've been saying well over the year that the euro is strong and getting stronger, i continue with that. nobody is leaving the euro. they will add some members over time. there are a couple reasons for it, number one the u.s. is out to cheapen the dollar. two currencies cannot cheapen against each other at the same time. so if we're going to have a...
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Jan 29, 2013
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the dollar is weaker against the euro today. actually wiebts up against the euro at 1.2448. gold prices up are by about $6 the last time we worked. at this point, up to $1,660 now. as joe mentioned, that fed meeting and the jobs report at the end of the week gives investors a lot to think about. joining us from chicago is kevin ferry at cronus futures management. also jeff sow. kevin, we ended lower yesterday, but the s&p was still above 1500. where does that leave us in terms of which way the momentum is headed? >> good morning. i would say what we call the point of control of futures is just below where we're trading right now. watch 1489. and so if you move below there, we call that the point of control which is what you'll see people who are long get more nervous. >> you said 1489? >> 1489 in the future if that breaks this morning. and the big story is what you're touching on with the ten-year note. people have come into the year with a heavy buy i can't tellace to sell bonds. and i think what you ran into yesterday after the good information as the market is doing bette
the dollar is weaker against the euro today. actually wiebts up against the euro at 1.2448. gold prices up are by about $6 the last time we worked. at this point, up to $1,660 now. as joe mentioned, that fed meeting and the jobs report at the end of the week gives investors a lot to think about. joining us from chicago is kevin ferry at cronus futures management. also jeff sow. kevin, we ended lower yesterday, but the s&p was still above 1500. where does that leave us in terms of which way...
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Jan 31, 2013
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. >> if you look at our revenues, we report in euros, but i'll give you round numbers in dollars. we're over a $20 billion u.s. software company. we're delivering much more than $5.5 billion in profit. so the company has to grow profitably. most importantly, though, we want to focus on the customer. if we can have the users of our technology love us, we'll reach the 1 billion users by 2015. we'll be a greater than 20 billion euro software company which is somewhere closer to $30 billion. and that 35% operating margin so we deliver a lot of flow through to shareholders. this is who we are. profitable revenue growth driven by customer innovation, it is all about winning for the customer. >> you've also tapped in -- i've been trying to figure out ever since i heard it on the intel call how to make money off the tablet, which is the phone and the tablet. you guys have figured it out. >> our big idea is to be device agnostic. so all the devices are supported by -- >> you don't care. >> it's all good. >> samsung -- >> it's all good. we want to run business applications so our customers
. >> if you look at our revenues, we report in euros, but i'll give you round numbers in dollars. we're over a $20 billion u.s. software company. we're delivering much more than $5.5 billion in profit. so the company has to grow profitably. most importantly, though, we want to focus on the customer. if we can have the users of our technology love us, we'll reach the 1 billion users by 2015. we'll be a greater than 20 billion euro software company which is somewhere closer to $30 billion....
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Jan 30, 2013
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people were caught short the euro, meaning they had to buy the euro to cover their short positions. that propelled euro higher, to a figure of 1.3588 today, was the high. it will continue the momentum up. there aren't a lot of people at this point willing to stand in front of the trade and also because people missed the trade, they're going to try to jump in on this momentum and try to catch some of this revenue now. i'd like to be long at 1.3550. i'd like to target 1.3750 and just put a stop on 1.3450, a short-term trade. >> amelia, see you friday for "money in motion". time not for pops and drops. we kick it off with a drop for u.s. steam, down 4%. steve? >> really feels like everyone's throwing the kitchen sink at u.s. steel. everyone is so negative in the space. it's really the china trade for me. i don't think it's going to be that bad. i'd be a buyer. >> dr horton, a drop today, 3%. dan? >> after being up 12% yesterday on better than expected earnings. making new five-year high highs. they are going to have $7 million in debt. just take a little bit of that move. >> a pop for
people were caught short the euro, meaning they had to buy the euro to cover their short positions. that propelled euro higher, to a figure of 1.3588 today, was the high. it will continue the momentum up. there aren't a lot of people at this point willing to stand in front of the trade and also because people missed the trade, they're going to try to jump in on this momentum and try to catch some of this revenue now. i'd like to be long at 1.3550. i'd like to target 1.3750 and just put a stop...
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Jan 28, 2013
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however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china. not the pace of their growth which has recovered. china worries more about political risk because the country has new leadership for the first time in ten years. and if the country is going to keep growing, they must do some very controversial reforms. that's going to lead to some kind of internal distress as investors try to hold on to power. and the final wild card, iran and its nuclear ambitions. there it's hard for the markets to measure what could happen. >> okay, michelle. thank you. a group of bipartisan senators meanwhile have agreed on a
however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china....
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Jan 2, 2013
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proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get away with it. all you got to do is listen to the q&a. if you're in a company with european exposure you will hear one out of every two or three questions about europe. asia, about china. you want preventive earnings season medicine, go through the previous calls of the companies. if the plurality of the questions are about europe, you know you're probably going to be in for a bruising next time. that's what the analysts focus on and force the companies to talk about. as correlated with europe as many tech and bank stocks are, it is china that controls so many of the cyclicals. the smoketack compa
proceed to have linkage to the troubled euro and its accoutremes and away from the italian bond market or overstressed french and spanish counterparts and got our heads handed to us. similarly, owning tech when tech is often considered heavily dependent on europe. as much as 20% or 25% of the earnings of tech are derived from the continent and typically it is deadly. we know this because they don't dodge it on the conference calls. that's how you learn about it. the analysts won't let them get...
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Jan 18, 2013
01/13
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one more look at the euro as well versus the dollar. been quite a week for them. we were over $1.33 yesterday. currently just a shade below at $1.32.96. want to update you on the hostage crisis at a natural gas plant in algeria. conflicting reports about the number of hostages released. we've been working that story back at headquarters. >> hey, carl. thank you so much. it's clear that the hostage rescue operation is ongoing. it is a very fluid situation. british prime minister david cameron telling parliament this morning that algerian forces are still pursuing terrorists and trying to bring hostages to safety. he also offered new information on the attack. >> it appears to have been a large, well coordinated, and heavily armed assault and it is probable that it had been preplanned. >> now, details of the rescue operation remain unclear but we are seeing the first images of some freed hostages arriving at a hospital in algeria. the total number of people dead or injured remains in question due mainly to the fact that the gas plant is located in such a remote area
one more look at the euro as well versus the dollar. been quite a week for them. we were over $1.33 yesterday. currently just a shade below at $1.32.96. want to update you on the hostage crisis at a natural gas plant in algeria. conflicting reports about the number of hostages released. we've been working that story back at headquarters. >> hey, carl. thank you so much. it's clear that the hostage rescue operation is ongoing. it is a very fluid situation. british prime minister david...
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Jan 16, 2013
01/13
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is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits
is it going to be 1.20 versus the euro/yen? there's going to be softening of the euro. >>> cutting ceo jamie dimon's pay. that brings dimon's total compensation for 2012 to a mere $11.5 million. down from $23 million a year before. we are asking with 11.5 million bucks less in his pocket how might dimon tighten his belt. sweet us@squawkstreet. some of your answers straight ahead. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion...
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Jan 9, 2013
01/13
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. >>> with the euro dropping against the u.s. dollar, the ecb is set to meet for the first time this year, so, how should you be trading the common currency? let's bring in amelia bourdeau. and aimee ymelamelia, what's go happen? >> i think tomorrow they are going to stay on hold. the european economy is stagnating. the pmis have been a little bit stronger recently, but they're not strong altogether. why? the main reason it's going to remain on hold tomorrow for the ecb is because risk premium have lessened. there's been a risk-rally in the currency market and equities going on and that gives the ecb some time, as well as the fact that the peripheral bond yeel have been coming in lower. that's a good thing. and also, if they do cut rates ahead, which i think they will towards the middle of the year, that's going to turn deposit rates. they have to be careful and wait for more depolice station risk to emerge before they decide to cut rates. >> so, you are looking to sell euro u.s. dollar. walk us through the trade. >> euro is bein
. >>> with the euro dropping against the u.s. dollar, the ecb is set to meet for the first time this year, so, how should you be trading the common currency? let's bring in amelia bourdeau. and aimee ymelamelia, what's go happen? >> i think tomorrow they are going to stay on hold. the european economy is stagnating. the pmis have been a little bit stronger recently, but they're not strong altogether. why? the main reason it's going to remain on hold tomorrow for the ecb is...
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Jan 18, 2013
01/13
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. >> i like the australian dollar, euro/aussie is going higher. >> andy bush. >> divergence is happening in the technicals. a good time to be trading around these currencies. >> buy aussie on a pullback. >> kathy? >> dollar/yen headed for a stronger dip above 90. >> that's it for us here at "money in motion," your next chance to make a currency trade is sunday afternoon. we will see you back here next friday at 5:30 p.m. eastern time on cnbc. have a great long weekend. "mad money's" up next. >>> i'm jim cramer, and welcome to my world. you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere, and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i just want to try to save you some money. my job is not just to entertain you but to educate you so call me at 1-800-743-cnbc. we had that sweet combination of good earnings from companies like general electric, morgan stanley, schlumberger coupled wi
. >> i like the australian dollar, euro/aussie is going higher. >> andy bush. >> divergence is happening in the technicals. a good time to be trading around these currencies. >> buy aussie on a pullback. >> kathy? >> dollar/yen headed for a stronger dip above 90. >> that's it for us here at "money in motion," your next chance to make a currency trade is sunday afternoon. we will see you back here next friday at 5:30 p.m. eastern time on cnbc....
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Jan 10, 2013
01/13
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oh, it's not just china, the market clobbered versus the euro something that our international companies they just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bell weathers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle i see playing out. yes, these are clear cases where our themes are the place to circle the wagons during the confusion of 2013. we can fret over the new treasury secretary. we can marvel about the battle royale over hedge fund managers. please stay away from that firing range. and we can ponder the oncoming train -- >> all aboard -- >> that is the debt ceiling debacle. or we can fall back on these themes i keep talking about. themes that give us a place to go within all the skirmishing that defines our marketplace day after day. we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and aerospace can work.
oh, it's not just china, the market clobbered versus the euro something that our international companies they just love to see. it puts them here. >> house of pleasure. >> why else? how about the fact that ford, one of the best bell weathers of economic growth out there doubled its dividend last night. something i said was a possibility earlier this week when we recommended it as a way to play the auto super cycle i see playing out. yes, these are clear cases where our themes are...
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Jan 2, 2013
01/13
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i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been providing capital injections to banks. last year they cut the reserve requirement three times, interest rates twice. i expect pair policy to remain easy. capital injections turned the tide. hit record levels in september/october. something that's helped the chinese economy dramatically as we see from improving macrodata points. purchasing managers numbers, industrial production, retail sales, housing numbers, you name it china has beaten inflation, they have the flexibility to do more juice to the economy if they need to the chinese party just g
i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been...
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Jan 3, 2013
01/13
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>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a lot more on the long side as the funding issues from europe moderated a little bit. probably pushing it to a level that was not really sustainable. >> rick, what's out there is this notion that japan is purposefully weakening the yen, and so you get a little flight from the yen and it looks like in that flight the euro is catching more of the running money than the dollar is. i think that's one way to think about it. i also think that you don't have clarity here when it comes to the outlook for the u.s. fiscal policy. or the u.s. fed policy that doesn't really enjointer confidence in the greenback. ag
>> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and then you add in what japan is doing and i just think that you're really altering how the currencies are stocking up relative to each other. but i think there's very little doubt that the euro ended up with a...
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Jan 22, 2013
01/13
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that helped push the euro to the highs of the day. we're showing you the ten-year yield for spain over the last year. it's down -- we wanted to give you context. remember it was the summer when they were getting very nervous about 7% yields. now we're down to 5%. some of the spanish bonds very long term. due in 2041. so they have clearly regained some of the confidence of the markets. take a look at this six-month chart. the big decline in particular of nearly 30% when it comes to their long-term interest rates. european stocks, they were choppy today though. driven in part by a german news report that said german regulators are running a simulation on what would happen if banks were forced to split their retail and investment activities. think of german glass steagall. so they got hit particularly hard, falling more than 3% before recovering off the lows. there were rumors denied by the bank that they'd offer a profit warning. you can see the big hit here. the overall german market improved after the confidence data came out in the c
that helped push the euro to the highs of the day. we're showing you the ten-year yield for spain over the last year. it's down -- we wanted to give you context. remember it was the summer when they were getting very nervous about 7% yields. now we're down to 5%. some of the spanish bonds very long term. due in 2041. so they have clearly regained some of the confidence of the markets. take a look at this six-month chart. the big decline in particular of nearly 30% when it comes to their...
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Jan 4, 2013
01/13
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. >> a lot of tourists don't have the cash on hand, will have to go get euro. >> the vatican reportedly is trying to improve ways to fight money laundering and solve the inconvenience for tourists, but for now cash only is the rule until further notice. >>> celebrities are sounding off on the death of a photographer. how far is too far to get the perfect celebrity photo, why the paparazzi law is heading to the high courts next. >> we'll tell you what kind of crowd to expect if you're headed to the inauguration this month. check out the rundown. we're back. >> this is fox 5 news edge at 11:00. there is s no mass-produced human. so we created the exextraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort individualized. queen mattresses start at just $699. and right now, save 50% on the fi
. >> a lot of tourists don't have the cash on hand, will have to go get euro. >> the vatican reportedly is trying to improve ways to fight money laundering and solve the inconvenience for tourists, but for now cash only is the rule until further notice. >>> celebrities are sounding off on the death of a photographer. how far is too far to get the perfect celebrity photo, why the paparazzi law is heading to the high courts next. >> we'll tell you what kind of crowd to...
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Jan 2, 2013
01/13
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euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional steps. that will drive the euro gradually lower. >> gradually lower, but not a crash. >> not a crash like we saw in the summer. >> interesting. thank you for your time. >> thanks so much. >> for more currency trades, be sure to catch "money in motion" on friday at 5:30 with melissa. if you want more educational currencies, go to currencyclash @money in month. >> the fiscal cliff that was almost not. what it means for the players in health care. the ceo of athena health joins us in 15 minutes' time. tdd# 1-800-345-2550 you should've seen
euro growth is still weak. once the risk compression trade has run its course, i think it will be that trend taking over again. so around 1.34 i would sell again. >> as you look into 2013, do you see a european crisis? do you see the ecb essentially having to come into the markets? was angela merkel right it will be tougher for germany than 2012 was? >> i think growth remains very, very weak. therefore, i think during the course of the year, ecb will be forced to take additional...
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Jan 17, 2013
01/13
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if you look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice it, all that meats is where we are now and where we're going in the future. >> thank you we'll find out the latest movements in energy. sharon, take it over. >> it's all about algeria. a lot of traders are paying attention to the ongoing hostage situation at the gas field where islamist militants had attacked that facility and still holding some folks hostage there. we have learned from the algerian news agency that about 45 hostages, including some americans had escaped the complex, but still bp is confirming that the situation remains unresolved. it tellses it has con
if you look at the euro versus the dollars, wow, euro is screaming today. you look at the euro/yen, that's screaming as well. the dollar/yen is screaming as well. so the dynamic of the yen continuing to be under pressure. will this be a huge move? many think, if you talk to some of the japanese officials, they're say it's just getting back to a reality after the end was pretty much decimated about a year ago with respect to too strong relative to the other currencies. no matter how you slice...
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Jan 7, 2013
01/13
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the dollar has been something to watch in terms of the euro. but even more against the yen and finally gold was -- after the fed comments about maybe not, you know, being accommodative forever. hit the gold markets pretty hard last week. >> it's time now for the global markets report. ross westgate standing by in london across the pond. mr. westgate. >> hey, andrew. thank you very much for that. you can see after the gains we had last week, softer this morning. decliners outpacing advancers by a ratio of around 6 to 3, somewhere around that margin. the ftse 100, when you're a stock in general up at 22-month highs, friday, up .5%. right now, the if it is sfts is down .25%. we're not far away from the all-time highs on the xetra dax 7740.78 is up near the all time high. the cac 40 is down .5%. ibex up .1%. no doubt about the standouts, that is indeed the banks after the basel committee that supervisors bank regulation, says the liquidity cover ratio, which is the thing that forces banks to hold enough cash and easy to sell assets, they're changin
the dollar has been something to watch in terms of the euro. but even more against the yen and finally gold was -- after the fed comments about maybe not, you know, being accommodative forever. hit the gold markets pretty hard last week. >> it's time now for the global markets report. ross westgate standing by in london across the pond. mr. westgate. >> hey, andrew. thank you very much for that. you can see after the gains we had last week, softer this morning. decliners outpacing...
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Jan 23, 2013
01/13
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this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk about the role of a bank is to finance the economy. how much of a win was it then that we've pushed back in production from -- >> in terms of liquidity rate? >> yes. >> even if pushed we're going to comply with the new scr sooner rather than later. as for capital, you know, the new capital requirements was officially for 2018. as bnp parabas, we're complying as of this year. i think that the phasing in is something that then the industry -- certainly we've been moving ahead and have tried to anticipate things and move ahead. >> and you mentioned the bene
this is -- euros is here is on they. this is clear. bnp paribas has a ratio of 9.5%, which is best in class. we're -- we adapted very much to the new requirements and liquidity requirements. we're fully prepared to serve our customers. the essence of banking definitely is to finance the economy, serve the customers, individual customers, smes are very important. this is what we are committed to. and we are -- we're going to do it every single day of this year and next year. >> you talk...
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Jan 25, 2013
01/13
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he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good fall back into a problem again. >> well, that's a good question. but what we're hearing is this new buzz phrase out of davos, which is gsp. >> what is that? >> global stability put. i think larry summers may have been the one to coin this phrase. i heard it this morning when i met with a bunch of central bankers at a breakfast this morning. this phrase keeps coming up. the idea you have japan, you have the european central bank and you now have the fed obviously full throttle on monetary policy, underpinning and, you know, we meet here now
he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general feeling here is that what the ecb has done with the current situation, perhaps created the underlying conditions for growth. >> i hosted a dinner with christine legarde last night. one of the things that came up mario draghi said this morning that maybe we have good...
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119
Jan 30, 2013
01/13
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somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see you. sic: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ ♪it's so important to make someone happy.♪ ♪make just one someone happy ♪and you will be happy too. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ quattro!!!!! ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now...
somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see...
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Jan 8, 2013
01/13
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dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i suppose. i mean, i also own singapore dollars, the singapore dollar is probably very good currency to own, down through my exposure to use the currency. but, i don't think that the euro is now a very desirable currency to own. and do we have a lot of problems as senator ron johnson explained just now, in the u.s., but we have the same problems, or even more in europe. so in the beauty contest of the ugliest currencies, the u.s. dollar is not winning. it's okay. and i think i'd rather be in dollars at the present time, than say euros. >> marc, that's fasc
dollar is the worst currency outside the euro. but i happen to also own gold i don't think it will go up right away and maybe we still have a correction of another 10% or so on the downside. i just think that government will print money and that there will be competitive devaluation, and so i want to have gold as an insurance. >> wow. but, am i right to read on that that you deem the u.s. dollar as the, you know, the best place to be in terms of currencies? you don't think -- >> i...
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Jan 11, 2013
01/13
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. >> i like the euro dollar, but it will cap at 35, so if you want to get a move there, go ahead. >> rebecca? >> stay with the momentum as well, with but as we get closer to the debt ceiling and the sequestration and everything else that washington brings, start to book some profit. >> that is going to do it for us here at5:30 p.m. "mad money" is up next. >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of business, and he's nuts, they are nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it hey, i'm cramer. welcome to "mad money" to cramerica. other people want to make friends. my job isn't on just to entertain, but to teach and educate. call me at 1-800-743-cnbc. after a ho-hum session, s & p finishing flat, nasdaq advancing, we're about to head into the one four most exciting, but least lucrative weeks of the year. thanks to the coming jumble of earnings. the reports are coming. you know the rules. and let's just try to learn. as i told you not that long ago. not imp
. >> i like the euro dollar, but it will cap at 35, so if you want to get a move there, go ahead. >> rebecca? >> stay with the momentum as well, with but as we get closer to the debt ceiling and the sequestration and everything else that washington brings, start to book some profit. >> that is going to do it for us here at5:30 p.m. "mad money" is up next. >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of...
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64
Jan 30, 2013
01/13
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WBAL
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somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see you. going to sleep may be easy, but when you wake up in the middle of the night it can be frustrating. it's hard to turn off and go back to sleep. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when y can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolpidem, such as ambien. allergic reactions such as shortness of breath or swelling of your tongue or
somebody comes to a presentation they not only see this new chopper that sells for $70 in the us and $50 euro here, they come to a party and they don't focus on what it does. they focus on what it makes. and i'll tell you, the younger women we are recruiting today, she says show me how to save time. we have a whole line of products that are basically time savers for younger women. >> you're making a lot of money for shareholders. thank you for coming on. great quarter sir, good to see...
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Jan 23, 2013
01/13
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using the euro and everything else. i guess it makes it less likely that they'll adopt a common currency. if they're thinking about leaving the union. >> absolutely. no, there's a widespread sense of relief that britain isn't more closely tied in. if you leak at the performance of the economy, the fact britain has its own central bank, it can pursue monetary policies or policies appropriate for britain and not have to worry about other member states certainly is being taken as a sign of relief. and there's very little sentiment certainly for joining the euro now. although i will say the bank of england numbers fight they're not happy with how strong sterling is. they think currency should be weaker and it could help performance going forward. echoing the currency that we're starting to hear this year. >> no talk about becoming the 51st state which they probably have wanted to do for a while given how we excelled after we broke off. they could come back into the fold, perhaps joining the u.s. and adopt the dollar if they
using the euro and everything else. i guess it makes it less likely that they'll adopt a common currency. if they're thinking about leaving the union. >> absolutely. no, there's a widespread sense of relief that britain isn't more closely tied in. if you leak at the performance of the economy, the fact britain has its own central bank, it can pursue monetary policies or policies appropriate for britain and not have to worry about other member states certainly is being taken as a sign of...
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Jan 14, 2013
01/13
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euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by solvency. >> we had a lot of european officials coming out of late saying things are improving, that the worst is over, the crisis for the euro. we had them saying last week they were better than a year ago. >> i would like to see their change on the debt. >> more spending cuts. >> is there a large american bank that is not reporting this week? i mean, the number of banks coming out over the next two days -- [ bell ringing ] >> harry winston, this is a swiss company buying an american company. these are the things that we maybe give you perspective. i know that may be too
euro hitting an 11-month high. the yen hitting a 2 1/2-month low. these are things we continue to watch, in addition to the equity markets. >> talking to our partner simon this morning, how maybe spain doesn't need a bailout. the banks are suddenly talking about a return on equity that is higher than american banks. the big issue has been will they get complacent over there, because there is so much good news in europe. it's not backed up by growth. it just seems to be backed up by...
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and the reason the ecb hasn't let the euro go. i think they're going to prep the markets next time for a cut. >> what are your levels? >> well, 131.20 was interesting. a level we tried to break through all fall. we finally got above it. now the market in the technicals should be support. it didn't hold the support. you want to go short the euro. >> are you a dollar bull overall? are you getting behind other trades on the basis that the greenback could go higher, higher interest rates in america? >> absolutely, simon. the dollar has this underlying bid ever since the fed minutes last week. it really seems like qe infinity is just to the end of 2013. the dollar rallying against the yen. i want to be short euro, right around current levels, right around 1.3050. put a stop loss above the old level, 1.50. and the break around 1.2850. >> thank you for your time. todd gordon joining us there from aspen trading. catch "money in motion" on fridays at 5:30 eastern with melissa. if you wanted more education about currencies, go to currency i
and the reason the ecb hasn't let the euro go. i think they're going to prep the markets next time for a cut. >> what are your levels? >> well, 131.20 was interesting. a level we tried to break through all fall. we finally got above it. now the market in the technicals should be support. it didn't hold the support. you want to go short the euro. >> are you a dollar bull overall? are you getting behind other trades on the basis that the greenback could go higher, higher...
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he's vowed to tax the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but shot down because it targets individual instead of household income. the while other taxes also rise. around europe you also keep running into american tax exiles, people who have given up their citizenship to protect their fortunes from taxes. that number has been rising, but you know where in the world has the highest tax rates currently? the island of aruba at nearly 60% for the highest earning individuals, and sweden at around 57%. back to you. >>> the town of concord, new hampshire is the first in the nation to ban plastic bottles. the measure has just taken effect w
he's vowed to tax the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but...
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today we're seeing the euro/dollar give up .1% to 1. 1.3069. and the dollar/yen after reports out of japan saying there will be coordination between the bank of japan and fiscal authorities to try and get to the 2% inflation target. nothing too concrete. again, the proof will be in the poudre figure i can use a -- in the pudding if i can use a popular phrase this side of the bond. back to you. >> kelly services. i like that -- talent. talent, kelly. >> talent at work. >> talent at work. thanks. >>> coming up, the nation's biggest banks preparing to post quarterly results in the coming days. the inside line next. >>> first as we head to break, a look at yesterday's winners and losers. at 1:45, the a >>> that's hard. >> you stink. the wing and a fractured beak.o surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doub
today we're seeing the euro/dollar give up .1% to 1. 1.3069. and the dollar/yen after reports out of japan saying there will be coordination between the bank of japan and fiscal authorities to try and get to the 2% inflation target. nothing too concrete. again, the proof will be in the poudre figure i can use a -- in the pudding if i can use a popular phrase this side of the bond. back to you. >> kelly services. i like that -- talent. talent, kelly. >> talent at work. >>...
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the dollar right now is up against the euro. again, another gain which is 1.3348. this morning, it's down against the yen. and gold prices this morning are up by about $11, $1680.70 an ounce. >>> and it's time now for the global markets report. kelly evans is standing by in london. and it's more poofy hair today. you didn't walk through the fog on the way to work, right? oh, it's a wig, it says. it says it's a wig behind you where it says minus .44% right now. >> or, does it? yes, that's right. there are signals coming through this every day just to see if people are paying attention. >> so weird. wig. >> yes. the polish board here is in the red, joe. it is not a wig it takes that on from time to time. we have seen a mixed picture. we have seen a weaker picture as the trading session has gotten under way. i want to point out the xetra dax is down .1%. our underperformer along with the peripheries is down about .3%, as well. after german gdp figures, europe's strongest, biggest economy came in surprisingly weak fourlt fort quarter. that's about a 2% annualized pace.
the dollar right now is up against the euro. again, another gain which is 1.3348. this morning, it's down against the yen. and gold prices this morning are up by about $11, $1680.70 an ounce. >>> and it's time now for the global markets report. kelly evans is standing by in london. and it's more poofy hair today. you didn't walk through the fog on the way to work, right? oh, it's a wig, it says. it says it's a wig behind you where it says minus .44% right now. >> or, does it?...
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all of this talk about the euro is bringing the financial markets together. nyse owns four large exchanges in europe. the question is how do we bring this into this consolidation? one way may be to take them public so they can have their own currency and do deals. >> we'll leave it there. so much to talk about. i wanted to get your take about the individual and what's happening in capital market these days. seems like everything is strained. but that conversation for another day. good to have you on the program. >> thank you, maria. >> best of luck with the deal. >> thank you. >> jeff sprecher joining us. ceo at i.c.e. pmt. >>> ten minutes before the close. up next as if apple didn't have enough problems, now the company's iphone may no longer be considered cool for young people. that could be bad news for apple. we're going to take a look. >>> then preet bharara is here. remember this from last year's conference? >> i know you told me there were going to be a lot of people here from the hedge fund industry and other folks, i didn't appreciate how many people
all of this talk about the euro is bringing the financial markets together. nyse owns four large exchanges in europe. the question is how do we bring this into this consolidation? one way may be to take them public so they can have their own currency and do deals. >> we'll leave it there. so much to talk about. i wanted to get your take about the individual and what's happening in capital market these days. seems like everything is strained. but that conversation for another day. good to...
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with the euro down, the pound down, they're all down against the dollar except the japanese yen which is showing a little backbone but not much. we'll be right back. officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> at 20 minutes past the hour i'm lauren green with your fox news minute. a section of the mississippi river is closed to traffic as crews clean up a oil leak on sunday. it hit a railroad bridge near vicksburg, mississippi, spreading oily water across part of the waterway. >>> brazilian police arrested three people following the deaths of more than 20 in the nightclub fire in santa maria. the blaze reportedly started when a band member lit a flare on stage causing mass panic. the band's security chief and a member and owner of the kiss nightclub have been brought in for questioning. >>> french and mali troops sealed off timbuktu forcing islamist rebels to flee north. they seized the timbuktu airport as they look for al qaeda lin
with the euro down, the pound down, they're all down against the dollar except the japanese yen which is showing a little backbone but not much. we'll be right back. officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> at 20 minutes past the hour i'm lauren green with your fox news minute. a section of the mississippi river is closed to traffic...
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so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on. >> she's very teed up on that. and reading some of the stuff that abe is getting accomplished, it is different. i mean they're going to do -- they're going to -- >> they're going to out-fed the fed. >> exactly. and you know, they haven't had -- do you remember the last time they've had 2% inflation? >> twice in the last two decades. briefly. one on the back of a tax increase. >> just really brief. >> they've flirted with 2% and that's come back -- >> you think they can orchestrate that? >> i'm dubious for now. but if you have a better u.s., a quiet europe, a better china, there's more hope relatively speaking that you could get enough global momentum, because japan at the end of the day, still is a very open economy. so, that could help them. look we've been adding exposure to japanese equities in our portfolio. we've been hedging our yen risk since october. i think it might have some m
so, i guess that explains the euro's move. and then, this news out of japan that kelly's all -- talks about all the time. >> she's teed up on. >> she's very teed up on that. and reading some of the stuff that abe is getting accomplished, it is different. i mean they're going to do -- they're going to -- >> they're going to out-fed the fed. >> exactly. and you know, they haven't had -- do you remember the last time they've had 2% inflation? >> twice in the last two...